CVS Health Corporation (CVS)
NYSE: CVS · Real-Time Price · USD
73.46
-1.52 (-2.03%)
At close: Sep 15, 2025, 4:00 PM EDT
73.44
-0.02 (-0.03%)
After-hours: Sep 15, 2025, 7:54 PM EDT
CVS Health Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | +20 Quarters |
| 98,428 | 94,068 | 96,955 | 94,878 | 90,840 | 87,983 | 93,545 | 89,487 | 88,647 | 84,944 | 83,523 | 80,958 | 80,490 | 76,658 | 76,237 | 73,548 | 72,327 | 68,800 | - | 66,852 | Upgrade | |
Revenue Growth (YoY) | 8.35% | 6.92% | 3.65% | 6.02% | 2.47% | 3.58% | 12.00% | 10.54% | 10.13% | 10.81% | 9.56% | 10.08% | 11.29% | 11.42% | - | 10.02% | 11.00% | 3.31% | - | 3.57% | Upgrade |
Cost of Revenue | 85,322 | 80,192 | 84,811 | 82,870 | 77,851 | 75,876 | 79,937 | 76,187 | 75,318 | 71,903 | 69,987 | 67,766 | 66,780 | 63,432 | 62,952 | 61,092 | 59,421 | 56,598 | - | 55,336 | Upgrade |
Gross Profit | 13,106 | 13,876 | 12,144 | 12,008 | 12,989 | 12,107 | 13,608 | 13,300 | 13,329 | 13,041 | 13,536 | 13,192 | 13,710 | 13,226 | 13,285 | 12,456 | 12,906 | 12,202 | - | 11,516 | Upgrade |
Selling, General & Admin | 10,347 | 10,584 | 10,247 | 10,516 | 10,236 | 10,130 | 10,170 | 9,782 | 9,705 | 9,537 | 9,801 | 9,611 | 9,186 | 9,324 | 9,849 | 9,190 | 8,889 | 8,881 | - | 8,414 | Upgrade |
Operating Expenses | 10,347 | 10,584 | 10,247 | 10,516 | 10,236 | 10,130 | 10,170 | 9,782 | 9,705 | 9,537 | 9,801 | 9,611 | 9,186 | 9,324 | 9,849 | 9,190 | 8,889 | 8,881 | - | 8,414 | Upgrade |
Operating Income | 2,759 | 3,292 | 1,897 | 1,492 | 2,753 | 1,977 | 3,438 | 3,518 | 3,624 | 3,504 | 3,735 | 3,581 | 4,524 | 3,902 | 3,436 | 3,266 | 4,017 | 3,321 | - | 3,102 | Upgrade |
Interest Expense | -763 | -785 | -758 | -752 | -732 | -716 | -690 | -693 | -686 | -589 | -552 | -566 | -583 | -586 | -608 | -602 | -636 | -657 | - | -731 | Upgrade |
Interest & Investment Income | 487 | 520 | 755 | 550 | 394 | 454 | 268 | 277 | 274 | 334 | 323 | 201 | 146 | 168 | 367 | 246 | 289 | 297 | - | 204 | Upgrade |
Other Non Operating Income (Expenses) | 29 | 28 | -79 | 25 | 24 | 25 | -72 | 22 | 22 | 22 | -128 | 40 | 42 | 42 | -147 | 49 | 44 | 50 | - | 54 | Upgrade |
EBT Excluding Unusual Items | 2,512 | 3,055 | 1,815 | 1,315 | 2,439 | 1,740 | 2,944 | 3,124 | 3,234 | 3,271 | 3,378 | 3,256 | 4,129 | 3,526 | 3,048 | 2,959 | 3,714 | 3,011 | - | 2,629 | Upgrade |
Merger & Restructuring Charges | -32 | -51 | -80 | -1,210 | -102 | -60 | -239 | -105 | -664 | -43 | -117 | - | - | - | -1,389 | -20 | -40 | -41 | - | -57 | Upgrade |
Impairment of Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -431 | - | - | - | - | Upgrade |
Gain (Loss) on Sale of Assets | - | - | - | - | - | - | - | - | - | -349 | -12 | -2,480 | - | -41 | - | - | - | - | - | - | Upgrade |
Legal Settlements | -833 | -387 | -100 | - | - | -100 | - | - | - | - | -99 | -5,220 | - | -484 | - | - | - | - | - | - | Upgrade |
Other Unusual Items | - | - | 491 | - | - | - | - | - | - | - | - | - | - | - | -89 | -363 | 61 | - | - | -766 | Upgrade |
Pretax Income | 1,647 | 2,617 | 2,126 | 105 | 2,337 | 1,580 | 2,705 | 3,019 | 2,570 | 2,879 | 3,150 | -4,444 | 4,129 | 3,001 | 1,570 | 2,145 | 3,735 | 2,970 | - | 1,806 | Upgrade |
Income Tax Expense | 634 | 835 | 503 | 34 | 569 | 456 | 658 | 754 | 656 | 737 | 818 | -1,045 | 1,090 | 646 | 274 | 558 | 944 | 746 | - | 587 | Upgrade |
Earnings From Continuing Operations | 1,013 | 1,782 | 1,623 | 71 | 1,768 | 1,124 | 2,047 | 2,265 | 1,914 | 2,142 | 2,332 | -3,399 | 3,039 | 2,355 | 1,296 | 1,587 | 2,791 | 2,224 | - | 1,219 | Upgrade |
Net Income to Company | 1,013 | 1,782 | 1,623 | 71 | 1,768 | 1,124 | 2,047 | 2,265 | 1,914 | 2,142 | 2,332 | -3,399 | 3,039 | 2,355 | 1,296 | 1,587 | 2,791 | 2,224 | - | 1,219 | Upgrade |
Minority Interest in Earnings | 8 | -3 | 21 | 16 | 2 | -11 | -1 | -4 | -13 | -6 | 2 | -7 | -10 | -1 | 10 | 11 | -8 | -1 | - | 5 | Upgrade |
Net Income | 1,021 | 1,779 | 1,644 | 87 | 1,770 | 1,113 | 2,046 | 2,261 | 1,901 | 2,136 | 2,334 | -3,406 | 3,029 | 2,354 | 1,306 | 1,598 | 2,783 | 2,223 | - | 1,224 | Upgrade |
Net Income to Common | 1,021 | 1,779 | 1,644 | 87 | 1,770 | 1,113 | 2,046 | 2,261 | 1,901 | 2,136 | 2,334 | -3,406 | 3,029 | 2,354 | 1,306 | 1,598 | 2,783 | 2,223 | - | 1,224 | Upgrade |
Net Income Growth | -42.32% | 59.84% | -19.65% | -96.15% | -6.89% | -47.89% | -12.34% | - | -37.24% | -9.26% | 78.71% | - | 8.84% | 5.89% | - | 30.56% | -6.45% | 10.76% | - | -20.00% | Upgrade |
Shares Outstanding (Basic) | 1,266 | 1,261 | 1,259 | 1,259 | 1,256 | 1,260 | 1,288 | 1,287 | 1,283 | 1,283 | 1,310 | 1,315 | 1,313 | 1,312 | 1,322 | 1,321 | 1,319 | 1,313 | - | 1,310 | Upgrade |
Shares Outstanding (Diluted) | 1,270 | 1,264 | 1,261 | 1,259 | 1,259 | 1,267 | 1,293 | 1,290 | 1,287 | 1,291 | 1,319 | 1,315 | 1,321 | 1,328 | 1,336 | 1,329 | 1,327 | 1,322 | - | 1,315 | Upgrade |
Shares Change (YoY) | 0.87% | -0.24% | -2.48% | -2.40% | -2.18% | -1.86% | -1.97% | -1.90% | -2.57% | -2.79% | -1.27% | -1.05% | -0.45% | 0.45% | - | 1.06% | 0.99% | 0.76% | - | 0.77% | Upgrade |
EPS (Basic) | 0.81 | 1.41 | 1.31 | 0.07 | 1.41 | 0.88 | 1.59 | 1.76 | 1.48 | 1.66 | 1.78 | -2.59 | 2.31 | 1.79 | 0.99 | 1.21 | 2.11 | 1.69 | - | 0.93 | Upgrade |
EPS (Diluted) | 0.80 | 1.41 | 1.31 | 0.07 | 1.41 | 0.88 | 1.59 | 1.75 | 1.48 | 1.65 | 1.77 | -2.59 | 2.29 | 1.77 | 0.98 | 1.20 | 2.10 | 1.68 | - | 0.93 | Upgrade |
EPS Growth | -43.23% | 60.23% | -17.80% | -96.05% | -4.78% | -46.67% | -10.47% | - | -35.37% | -6.78% | 81.77% | - | 9.05% | 5.36% | - | 29.03% | -7.08% | 9.80% | - | -20.51% | Upgrade |
Free Cash Flow | 1,290 | 3,813 | 1,092 | -1,415 | 2,451 | 4,198 | -3,547 | 2,171 | 5,317 | 6,454 | -2,640 | 8,543 | 5,035 | 2,512 | 3,408 | 4,913 | 5,361 | 2,063 | - | 1,340 | Upgrade |
Free Cash Flow Per Share | 1.02 | 3.02 | 0.87 | -1.12 | 1.95 | 3.31 | -2.74 | 1.68 | 4.13 | 5.00 | -2.00 | 6.50 | 3.81 | 1.89 | 2.55 | 3.70 | 4.04 | 1.56 | - | 1.02 | Upgrade |
Dividend Per Share | 0.665 | 0.665 | 0.665 | 0.665 | 0.665 | 0.665 | 0.605 | 0.605 | 0.605 | 0.605 | 0.550 | 0.550 | 0.550 | 0.550 | 0.500 | 0.500 | 0.500 | 0.500 | - | 0.500 | Upgrade |
Dividend Growth | - | - | 9.92% | 9.92% | 9.92% | 9.92% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | - | - | - | - | - | - | Upgrade |
Gross Margin | 13.31% | 14.75% | 12.53% | 12.66% | 14.30% | 13.76% | 14.55% | 14.86% | 15.04% | 15.35% | 16.21% | 16.30% | 17.03% | 17.25% | 17.43% | 16.94% | 17.84% | 17.73% | - | 17.23% | Upgrade |
Operating Margin | 2.80% | 3.50% | 1.96% | 1.57% | 3.03% | 2.25% | 3.67% | 3.93% | 4.09% | 4.13% | 4.47% | 4.42% | 5.62% | 5.09% | 4.51% | 4.44% | 5.55% | 4.83% | - | 4.64% | Upgrade |
Profit Margin | 1.04% | 1.89% | 1.70% | 0.09% | 1.95% | 1.26% | 2.19% | 2.53% | 2.14% | 2.51% | 2.79% | -4.21% | 3.76% | 3.07% | 1.71% | 2.17% | 3.85% | 3.23% | - | 1.83% | Upgrade |
Free Cash Flow Margin | 1.31% | 4.05% | 1.13% | -1.49% | 2.70% | 4.77% | -3.79% | 2.43% | 6.00% | 7.60% | -3.16% | 10.55% | 6.25% | 3.28% | 4.47% | 6.68% | 7.41% | 3.00% | - | 2.00% | Upgrade |
EBITDA | 3,930 | 4,446 | 3,044 | 2,653 | 3,904 | 3,115 | 4,572 | 4,645 | 4,728 | 4,505 | 4,778 | 4,631 | 5,606 | 4,951 | 4,551 | 4,400 | 5,154 | 4,447 | - | 4,216 | Upgrade |
EBITDA Margin | 3.99% | 4.73% | 3.14% | 2.80% | 4.30% | 3.54% | 4.89% | 5.19% | 5.33% | 5.30% | 5.72% | 5.72% | 6.97% | 6.46% | 5.97% | 5.98% | 7.13% | 6.46% | - | 6.31% | Upgrade |
D&A For EBITDA | 1,171 | 1,154 | 1,147 | 1,161 | 1,151 | 1,138 | 1,134 | 1,127 | 1,104 | 1,001 | 1,043 | 1,050 | 1,082 | 1,049 | 1,115 | 1,134 | 1,137 | 1,126 | 1,139 | 1,114 | Upgrade |
EBIT | 2,759 | 3,292 | 1,897 | 1,492 | 2,753 | 1,977 | 3,438 | 3,518 | 3,624 | 3,504 | 3,735 | 3,581 | 4,524 | 3,902 | 3,436 | 3,266 | 4,017 | 3,321 | - | 3,102 | Upgrade |
EBIT Margin | 2.80% | 3.50% | 1.96% | 1.57% | 3.03% | 2.25% | 3.67% | 3.93% | 4.09% | 4.13% | 4.47% | 4.42% | 5.62% | 5.09% | 4.51% | 4.44% | 5.55% | 4.83% | - | 4.64% | Upgrade |
Effective Tax Rate | 38.49% | 31.91% | 23.66% | 32.38% | 24.35% | 28.86% | 24.32% | 24.98% | 25.52% | 25.60% | 25.97% | - | 26.40% | 21.53% | 17.45% | 26.01% | 25.27% | 25.12% | - | 32.50% | Upgrade |
Revenue as Reported | 98,915 | 94,588 | 97,710 | 95,428 | 91,234 | 88,437 | 93,813 | 89,764 | 88,921 | 85,278 | 83,846 | 81,159 | 80,636 | 76,826 | 76,604 | 73,794 | 72,616 | 69,097 | - | 67,056 | Upgrade |
Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.